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Mongolia: Measuring the Output Gap 蒙古:衡量产出缺口
Development Economics eJournal Pub Date : 2011-04-01 DOI: 10.5089/9781455226092.001
Julia Bersch, Tara M. Sinclair
{"title":"Mongolia: Measuring the Output Gap","authors":"Julia Bersch, Tara M. Sinclair","doi":"10.5089/9781455226092.001","DOIUrl":"https://doi.org/10.5089/9781455226092.001","url":null,"abstract":"This paper compares the output gap estimates for Mongolia based on a number of different methods. Special attention is paid to the substantial role of mining in the Mongolian economy. We find that a Blanchard and Quah-type joint model of output and inflation provides a more robust estimate of the output gap for Mongolia than the traditional statistical decompositions.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130779482","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
Determinants of Human Development: Capturing the Role of Institutions 人类发展的决定因素:抓住制度的作用
Development Economics eJournal Pub Date : 2011-03-30 DOI: 10.2139/ssrn.2031500
Georgios P. Georgiadis, Michael Binder
{"title":"Determinants of Human Development: Capturing the Role of Institutions","authors":"Georgios P. Georgiadis, Michael Binder","doi":"10.2139/ssrn.2031500","DOIUrl":"https://doi.org/10.2139/ssrn.2031500","url":null,"abstract":"In this paper, we study development in a panel of 87 countries from 1970 to 2005. We focus on characterizing institutionally driven heterogeneities in the development effects of macroeconomic policies and on comparing the development process as measured by GDP to that measured by the Human Development Index (HDI). We do so within a novel dynamic panel modelling framework that can account for crucial aspects of both the cross-sectional and intertemporal features of the observed process of development, and that can capture the dependence of the development effects of macroeconomic policies on differences in countries’ persistent characteristics, such as their institutions. Among our findings are that macroeconomic policies affect development with less delay than suggested by conventional econometric frameworks, yet impact HDI with longer delay and overall less strongly than GDP. Differences in countries’ persistent characteristics may even affect the sign of the long-run development effects of a given macroeconomic policy: Fiscal stimuli in the form of government consumption expansions positively affect long-run GDP in countries with low institutional quality, but negatively affect long-run GDP in countries with high institutional quality.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121593768","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 26
Poverty, Public Distribution System and Food Security in India: A Household Level Analysis 印度的贫困、公共分配制度和粮食安全:一个家庭层面的分析
Development Economics eJournal Pub Date : 2011-03-28 DOI: 10.2139/ssrn.1825053
Nirankar Srivastav, A. Dubey
{"title":"Poverty, Public Distribution System and Food Security in India: A Household Level Analysis","authors":"Nirankar Srivastav, A. Dubey","doi":"10.2139/ssrn.1825053","DOIUrl":"https://doi.org/10.2139/ssrn.1825053","url":null,"abstract":"This paper attempts to estimate the impact of PDS on poverty and calorie deficiency. First we have undertaken an analysis of the households that have access to the PDS, what they purchase, and what are their rupee savings due to their access to the PDS. Next we estimate its impact on poverty levels (as is conventionally defined) due to the existence of the PDS. An understanding of the expenditure component facilitates the later sections that discuss calorie deficiency and impact of the PDS.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122118625","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis 金融与增长关系的阈值:一项跨国分析
Development Economics eJournal Pub Date : 2011-03-25 DOI: 10.1093/WBER/LHR011
H. Yilmazkuday
{"title":"Thresholds in the Finance-Growth Nexus: A Cross-Country Analysis","authors":"H. Yilmazkuday","doi":"10.1093/WBER/LHR011","DOIUrl":"https://doi.org/10.1093/WBER/LHR011","url":null,"abstract":"Thresholds of inflation, government size, trade openness, and per capita income for the finance-growth nexus are investigated using five-year averages of standard variables for 84 countries from 1965 to 2004. The results suggest that: (i) high inflation crowds out positive effects of financial depth on long-run growth, (ii) small government sizes hurt the finance-growth nexus in low-income countries, while large government sizes hurt high-income countries, (iii) low levels of trade openness are sufficient for finance-growth nexus in high-income countries, but low-income countries need higher levels of trade openness for similar magnitudes of the finance-growth nexus, and (iv) catch-up effects through the finance-growth nexus are higher for moderate per capita income levels.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131661819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 96
Reading Tea Leaves in the Tourism Industry: A Case Study in the Gulf Oil Spill 解读旅游业中的茶叶:以墨西哥湾漏油事件为例
Development Economics eJournal Pub Date : 2011-03-24 DOI: 10.2139/ssrn.1893078
Hyunyoung Choi, Paul Liu
{"title":"Reading Tea Leaves in the Tourism Industry: A Case Study in the Gulf Oil Spill","authors":"Hyunyoung Choi, Paul Liu","doi":"10.2139/ssrn.1893078","DOIUrl":"https://doi.org/10.2139/ssrn.1893078","url":null,"abstract":"There has been significant interest from the travel industry in using search data to predict hotel bookings and other travel-related expenditures in advance. When we compared Google Trends data with a reference travel dataset from Smith Travel Research, Inc, we find that searches for travel take place on Google typically a few weeks to about a month before the actual travel. We then used time series techniques to forecast lodging demand in the Gulf region following the Gulf oil spill and estimated the impact of the oil spill. We found that demand in the non-Gulf region rose while demand in the Gulf region decreased. The findings were consistent at the state level and metro level.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124532898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 13
Fundamental and Free Institutions: GDP Growth in Sub-Saharan Africa 基本和自由制度:撒哈拉以南非洲的GDP增长
Development Economics eJournal Pub Date : 2011-03-18 DOI: 10.2139/ssrn.1789730
Samuel E. Enajero
{"title":"Fundamental and Free Institutions: GDP Growth in Sub-Saharan Africa","authors":"Samuel E. Enajero","doi":"10.2139/ssrn.1789730","DOIUrl":"https://doi.org/10.2139/ssrn.1789730","url":null,"abstract":"Many economies of the world respond differently to economic reforms. While some countries reap the full benefits of reforms, other countries, particularly in sub-Saharan Africa, are struggling. There are underlying cultural factors that act as impediments to economic success. Using IBM/Hofstede (1980) Cultural Dimensions as measures of fundamental institutions and Economic Freedom Index as measures of free institutions, we find statistically significant correlations between cultural dimensions and economic freedom components. High power distance culture (PDI) and low individualism (IND) in developing countries mitigate against the norms that form the bedrocks for free institutions. It is found that PDI has a statistically significant negative influence on business freedom, property rights, and freedom from corruption. IND has a statistically significant positive effect on the same variables. Masculine culture (MAS) has a positive impact on government expenditures and a negative association with freedom from corruption.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129391766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Potential Currency Areas in East Asia Using United States, Japan, or China as the Monetary Anchor 东亚潜在货币区使用美国、日本或中国作为货币锚
Development Economics eJournal Pub Date : 2011-03-18 DOI: 10.2139/ssrn.1789404
Chee-Heong Quah
{"title":"Potential Currency Areas in East Asia Using United States, Japan, or China as the Monetary Anchor","authors":"Chee-Heong Quah","doi":"10.2139/ssrn.1789404","DOIUrl":"https://doi.org/10.2139/ssrn.1789404","url":null,"abstract":"This paper applies fuzzy clustering techniques to developed and emerging economies in East Asia, in order to arrive at an identification of potential subgroups of economies for monetary union. The statistical criteria employed is the one suggested by the Optimal Currency Areas theory, and the period examined includes the recent global crisis. Three alternative monetary anchor countries are proposed, namely the United States, Japan and China, and hence, to an extent, the analysis does indicate the relative importance of the three world’s largest economies to East Asia. Due to the endogeneity of the convergence criteria in the eurozone, founding member states of EMU are used as a point of reference for East Asia to indicate the level of preparedness for monetary union in this region. Findings indicate that Singapore and Hong Kong are relatively prepared for integration. In addition, results do also signify the dominance of Japan despite the prevalence of the dollar standard in the region.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116940951","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Resource Management and Transition in Central Asia, Azerbaijan, and Mongolia 中亚、阿塞拜疆和蒙古的资源管理和转型
Development Economics eJournal Pub Date : 2011-03-11 DOI: 10.2139/ssrn.1783880
R. Pomfret
{"title":"Resource Management and Transition in Central Asia, Azerbaijan, and Mongolia","authors":"R. Pomfret","doi":"10.2139/ssrn.1783880","DOIUrl":"https://doi.org/10.2139/ssrn.1783880","url":null,"abstract":"The paper presents a comparative analysis of the resource-rich transition economies of Mongolia and the southern republics of the former Soviet Union. For Uzbekistan and Turkmenistan, the ability to earn revenue from cotton exports allowed them to avoid reform. Oil in Azerbaijan and Kazakhstan was associated with large-scale corruption, but with soaring revenues in the 2000s their institutions evolved and to some extent improved. Kyrgyzstan and Mongolia illustrate the challenges facing small economies with large potential mineral resources, with the former suffering from competition for rents among the elite and the latter from lost opportunities. Overall the countries illustrate that a resource curse is not inevitable among transition economies, but a series of hurdles need to be surmounted to benefit from resource abundance. Neither the similar initial institutions nor those created in the 1990s are immutable.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"321 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116815112","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 38
Developing Child Well-Being Indicators for Turkey: The Case of Istanbul 为土耳其制定儿童福利指标:以伊斯坦布尔为例
Development Economics eJournal Pub Date : 2011-03-01 DOI: 10.2139/ssrn.1773668
Pınar Uyan-Semerci, Serra Muderrisoglu, Basak Ekim-Akkan, Abdullah Karatay, Zeynep Kılıç, Burcu Oy, Saylan Uran
{"title":"Developing Child Well-Being Indicators for Turkey: The Case of Istanbul","authors":"Pınar Uyan-Semerci, Serra Muderrisoglu, Basak Ekim-Akkan, Abdullah Karatay, Zeynep Kılıç, Burcu Oy, Saylan Uran","doi":"10.2139/ssrn.1773668","DOIUrl":"https://doi.org/10.2139/ssrn.1773668","url":null,"abstract":"This paper discusses the development of child well-being indicators for Turkey based on the comparative research done on the previous indicator sets. It discusses the proposed list of indicators in the eight domains of child well-being along with the findings of a quantitative and a qualitative research conducted in Istanbul, Turkey. It also offers social policy implications relevant for Turkey based on the results of the study.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"30 7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125855393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
"No Way Out": The Lack of Efficient Insolvency Regimes in the MENA Region “无路可走”:中东和北非地区缺乏有效的破产制度
Development Economics eJournal Pub Date : 2011-03-01 DOI: 10.1596/1813-9450-5609
M. Uttamchandani
{"title":"\"No Way Out\": The Lack of Efficient Insolvency Regimes in the MENA Region","authors":"M. Uttamchandani","doi":"10.1596/1813-9450-5609","DOIUrl":"https://doi.org/10.1596/1813-9450-5609","url":null,"abstract":"This paper provides a comparative summary of the payout phase of insolvency systems in the MENA Region. Countries in the region generally have weaker restructuring and liquidation systems than those in most other regions. The paper summarizes many of the weaknesses common across the region.","PeriodicalId":355227,"journal":{"name":"Development Economics eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125488936","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
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